Auditor General Nancy Gathungu has called out the National Treasury for breaching the Constitution citing the slow disbursement of Equalisation Fund. The auditor said the breach followed that the National Treasury had not remitted the remaining balance of Sh20.2 billion to the Fund as at 30 June, 2019. Equalisation Fund is to provide basic services such as water, roads, health facilities and electricity to marginalized areas. The Public Finance Management (Equalisation Fund) Regulations, 2021 is among laws that are to help realize the full potential of the fund. Allocations to the Equalisation Fund, as spelled in the constitution, are to facilitate services including water, roads, health facilities and electricity.
Source: The Star June 02, 2021 00:56 UTC